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Tag Archives: paypal

PayPal’s Rumored Acquisition Of BitGo Reportedly Falls Through

The rumored deal between the online payment processing giant PayPal and the cryptocurrency custodian BitGo will not occur. Instead, both companies will reportedly focus on separate new ventures.PayPal And BitGo Deal Won’t See The Light Of DayThe online payment processor co-founded by Elon Musk started showing sympathy for the cryptocurrency industry earlier this year. PayPal enabled its users to buy, sell, and store digital assets with fiat currencies.Furthermore, reports emerged that the...

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PayPal’s Digital Currency Friend Paxos Trust Experiences Major Funding Round

Paxos Trust – the official cryptocurrency partner of PayPal – has garnered more than $140 million in fresh funding through a Series C funding round.Paxos Trust Is Getting Its Hands on a Lot of MoneyThe round was led by a company known as Declaration Partners, an investment enterprise backed by billionaire and philanthropist David M. Rubenstein. Other companies to take part in the funding round include Mithril Capital, RIT Capital Partners, RRE Ventures and Liberty City Ventures.CEO of Paxos...

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PayPal: Jezt kommen Strafgebühren für inaktive Accounts

Der amerikanische Anbieter Paypal ist für viele Menschen das Zahlungsmittel der Wahl. PayPal steht dabei nicht nur in vielen Online-Shops zur Verfügung, sondern eignet sich auch bei einem Privatkauf im Internet oder auch dann, wenn Freunde und Familie untereinander Geld versenden. Der beliebte Dienst war ursprünglich für die Plattform Ebay gedacht, hat sich dann jedoch rasant zu einem der beliebtesten...

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Paxos Trust Wants to Establish Its Own Crypto Bank

The crypto space and the traditional banking space appear to be one and the same as of late. There have been several crypto-based companies that are seeking to either establish their own banks or establish themselves as banks, and Paxos Trust – the official crypto partner of digital payment system PayPal Holdings Ltd. – is the latest firm to travel this route.Paxos Trust Is Trying To Become a Little MoreThe company has recently submitted paperwork with the Office of the Comptroller of the...

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MasterCard And Visa Also Block Pornhub Payments: Is This Good Or Bad For Crypto?

A year after PayPal suspended transactions for the leading adult website Pornhub, MasterCard, and Visa have followed the example in the midst of child abuse allegations.With cryptocurrencies remaining one of the few available options for payments, the question stands if such association is indeed positive for the industry.Visa and MasterCard Block Use Of Cards On PornhubThe popular adult website has attracted lots of negative attention to itself in the past few years. The situation worsened...

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Is Bitcoin Returning to Form? Gains $800 in One Day

Bitcoin has recovered somewhat since its recent drop into the low $17,000 range. Just yesterday, the currency was trading for slightly over the $17K line, but the asset has since added about $800 to its price and brought itself up out of the gutter. The currency is not where it was during the early portion of the week, though it is beginning to show signs of recovery.Bitcoin Is Coming BackThese last two months have been huge for bitcoin given how much attention and praise it’s gotten. Things...

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Bitcoin Continues to Stay Strong Thanks to PayPal

At the time of writing, bitcoin has taken a bit of a nosedive, though at $17,800, the currency is doing somewhat better than it was about 24 hours ago. The currency initially lost more than $2,000 off its price to trade in the low $17,000 range, and many analysts began to show some concern that BTC’s all-time high wouldn’t be reached this year.Bitcoin Buying Is Continuing to SurgeHowever, prior to all this negative hoopla, the currency was ascending like it never had before. Quite frankly,...

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PayPal-CEO: Bitcoin wird Papiergeld langsam ablösen

CEO des Finanzdienstleisters PayPal sieht Bitcoin als Papiergeld Nachfolger. PayPal ist als weltweiter Zahlungsdienst bekannt. Um so mehr Gewicht hat die Aussage seines CEO Schulman, der im Bitcoin das Potenzial sieht, zukünftig Bargeld als Zahlungsmittel zu verdrängen. Als ersten Schritt wird PayPal nach Aussagen seines CEO Bitcoin Transaktionen zuzulassen. Das würde den...

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PayPal Reportedly Restricted a User’s Account for Trading Cryptocurrency

PayPal users who use the service for high-frequency crypto trading should be cautious about having their accounts banned. One Redditor reportedly learned this lesson recently with the payment giant placing a 180-day hold on his purse that still has about $462.Apart from the likelihood of users facing account closures for trading crypto on PayPal, the situation also brings to light some deficiencies in the company’s customer service, which may present issues for cryptocurrency owners.PayPal is...

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PayPal CEO: 28 Million Merchants Will be Able to Use Cryptocurrency for Transactions in 2021

It is now a well-known fact that payments giant PayPal is knee-deep in the Bitcoin market. In today’s interview with CNBC, CEO Dan Schulman explained his rationale behind the world’s top cryptocurrency value. He also elucidated on why his company is placing giant buying bets on BTC.The Utility Surrounding Bitcoin And Cryptocurrencies Is What Imparts Them ValueUpon being asked to explain the inherent value of bitcoin, PayPal CEO Dan Schulman immediately said that BTC and the aggregated class...

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